fixed income unless the value of the bank’s assets falls below a predetermined threshold. In such an event, the debt … obligation is automatically converted to the bank’s common equities. By using a contingent claims valuation approach we present … bank that includes DES or alternatively subordinated debt in its capital structure. We compare and evaluate quantitatively …

additional information about the value of bank assets relative to equity prices. The issues of the credibility of the proposed …

private and central bank inflation forecasts is identified as a factor increasing inflation persistence and thus calling for a … policy reaction. An optimal policy rule is derived by the minimization under discretion of a standard central bank loss …

-taking behavior and therefore default risk. This paper uses scoring and mapping methods to study the consistency of bank ratings with …

result from varying coverage by implicit deposit insurance. Chinese bank supervisory authorities should reform polices to …